Flipping America

Latest Episodes:

Jim Beach on Entrepreneurship and the DT Investment Fund Sep 27, 2018

Show notes

FAR 190 DT Investments, Jim Beach Expected Air Date: 9/24/18 Opening Hello everyone, it's time to get involved in Real Estate. There are 85 major ways to make money in real estate and several variations of some of those methods. The opportunities are numerous and the variety is nearly endless, but all of real estate investing can be summarized around three primary activities:

Buy with the intent to improve and re-sell relatively quickly.
Buy with the intent to create income with the property for a longer term.
Invest in the activities of 1 or 2.

I've been looking for someone who manages a REIT to come on the show and talk about the opportunities there and you regular listeners know that I have nothing against REITs or crowd-funding real estate. Both have interesting possibilities, albeit not such a great return on the money. If you have a little bit more money and are an accredited investor, you're going to want to stay tuned today. My good friend Jim Beach is going to be on the show in a few moments and we are going to talk about, among other things, and incredible private offering that is set to take on the big boys. This fund invests only in short-term flips. Full disclosure, I'm one of the partners in the firm. Jim is a former Coca Cola executive but long-time entrepreneur. He founded a technology company and sold out years ago, wrote the best-selling book, "School for Startups" and for the past several years has been the host of a radio show called School for Startups. He has had everybody who is anybody in the world of business on his show. Jim travels the world teaching the principles of entrepreneurship. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

FlipStarter Nov 2-3, Atlanta, GA
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

Guest: Jim Beach, DT Investment Funds Topic: Entrepreneurship Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day

To Begin, Begin, William Wordsworth

Scott Carson, Note Buying and Selling Sep 27, 2018

Show notes

FAR 189 Scott Carson Expected Air Date: 9/22/18 Opening Great show coming to you today. Scott Carson (aka "the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F's of Note Buying… The Find, Fund, and Flip. He has purchased over a half billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought-after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor's Business Daily, the Wall Street Journal, and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world of NPN's or non-performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn't buying assets for his own portfolio or sharing his love of the note game. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

Think Realty Saturday and Sunday, Sept 22-23
FlipStarter Nov 2-3, Atlanta, GA
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

Guest: Scott Carson Topic: Note Buying and Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you're from!

Alana, Jonesboro, GA "I'm looking at a deal where the owner lives out of state, the tenant is a relative paying well below market rate. He wants her out but doesn't want to evict his own relative. He just wants to sell the house. It's worth about 130k. May need 25k in rehab. He's open to seller financing. I mentioned offering him 50-60k and he didn't say no. So what are my options or exit strategies?"
Shamsideen, Boulder, CO "My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?"

Motivational Thoughts for the day

Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy

Show 188, Your Questions! Sep 27, 2018

Show notes

FAR 188 Expected Air Date: 9/20/18 Opening I am Roger Blankenship and I teach people how to make money in real estate. There are dozens of ways to make money in real estate and they all can be summarized by one of three approaches:

Buy with the intent to improve and quickly re-sell
Buy with the intent to cash flow, grow equity through appreciation, and take advantage of tax structures.
Invest in the activities of someone doing either or both of the first two categories.

To that end, we are dedicated to providing you the best most accurate and up-to-date information we can to help you make the best decision for you, your family, and your money. We don't encourage everyone to drop what you're doing and start flipping houses like you see on TV, but we do encourage everyone to have real estate as a part of a balanced portfolio. As you can imagine we get lots of questions here at Flipping America and today we are going to address many of them. I'm also going to take time today to review the latest news in the real estate world and while doing that I'm going to pick on yet another useless news article. Here's a hint: If the article headline says "How To.." I'm going to read the article expecting some step by step how-to information. That's a fair expectation right? If that article instead provides vague generalizations it should not have been published and deserves to be mocked. C'mon people, let's hold ourselves and each other to a higher standard for reporting, writing, and communicating! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

Think Realty Saturday and Sunday, Sept 22-23
FlipStarter Nov 2-3, Atlanta, GA
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you're from!

Drew, Pascagoula, MI, "I'm looking at buying a group of properties and they are giving me a "Quit Claim" deed. Is that the same as a Quick Claim Deed? And I don't really know what that is anyway. Could you explain? And is this ok, in your opinion?"
Benton, Baltimore, MD, "I am looking at an opportunity to buy several townhomes in a rough section of town for under $5,000 each. I'll have to spend 30-40k on each one to make them rent ready, but they will rent for $1000 each. This seems too good to be true, so tell me what I'm missing."
Lori, Milwaukee, WI, "What is the secret to raising private money?"
Arden, Villages of Ocala, FL, "What return should I look for in my rental portfolio? I'm getting about 7.8% after all expenses are considered. I hear people talking about getting 12-15% and wonder how they do that."
Carter, Las Vegas, NV "I know the numbers and have had some training. But how do I actually pull the trigger on my first deal? I just can't seem to?"
Shamsideen, Boulder, CO "My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?"

Motivational Thoughts for the day

Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy

Leading Indicators Sep 18, 2018

Show notes

FAR 187 Real Estate Leading Indicators Expected Air Date: 9/17/18 Opening Thoughts and Prayers: Hurricane Florence Nearly every event I attend or speak, someone is asking questions about the state of the market. Those who were paying attention 10 years ago when the market crashed are concerned it will happen again. We plan to continue to report on the state of the market as it goes through its inevitable cycles. We will talk about what we see, how we are applying it in our business and perhaps give you some ideas about yours. But we had a further thought about adding real value to your lives by sharing with you our data points and our sources for the information we share with you. Some of our data and research comes with a price attached, but today I'm going to give you some no-cost techniques that will enable you to stay on top of the real estate market. The question is always about the state of the current market, but what we really want to know is where the market is going. Are we going to crash? Is it going to keep going up? One of the great things about real estate in this regard is its LACK of volatility. Once you know where to look and what to look for, reading the real estate market isn't rocket surgery. I'm going to talk about these things and how they impact your decision making in your real estate business. You are going to want the show notes from today so you can see a glimpse of how we research the market and keep in mind how this impacts our business. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

Think Realty Saturday and Sunday, Sept 22-23
FlipStarter Nov 2-33, Atlanta, GA
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

The July data is in from CoreLogic, Home prices up 6.2% year over year.
Also from CoreLogic, Rent prices are up 4.1% year over year.
Scare Tactic Headline: https://www.cnbc.com/2018/07/09/the-hottest-housing-market-in-the-country-may-be-headed-for-a-crash.html
- The article itself debunks the premise of the headline.

Guest: Topic: Real Estate Investing's Leading Indicators This is how we predict where the market is going.

Pricing Trends. Impact: Informs our Offer strategy
1. Where is the market heading in the past quarter?
2. What is the year over year difference? Which direction is it heading?
Average Days on Market. Saturation rate. Impact: Informs our Offer price due to hold time.
1. How long does it take to sell a house?
How many months (or weeks) supply of inventory is out there? 3 months is balanced
1. 1. At the rate properties are selling, how long would it take us to sell out the current inventory?
Housing Starts
1. https://www.census.gov/construction/nrc/pdf/newresconst.pdf
2. https://tradingeconomics.com/united-states/housing-starts
3. Permits issued are up slightly, Starts are down slightly, year over year. We cannot count on new housing starts in the near term to ease inventory concerns.
Mortgage Default and foreclosure rates: Google: "Foreclosure Data" and "Default Rate"
1. https://www.attomdata.com/news/market-trends/april-2018-foreclosure-starts-dataset/
2. https://www.frbatlanta.org/community-development/data-and-tools/foreclosure-resource-center.aspx?panel=1
3. https://www.realtytrac.com/statsandtrends/foreclosuretrends/
4. https://www.attomdata.com/pre-foreclosure-data/
5. https://www.housingwire.com/articles/43318-mortgage-delinquency-keeps-falling-drops-for-19th-straight-quarter
6. The rate of foreclosure has dropped for 19 straight quarters. It is at an historic low and has nowhere to go but up. Therefore it is easy to predict it will go up soon, but that's no reason to panic. The rate should grow until it reaches it's historic average.
Interest Rates: Impact - Rates determine relative affordability. Can impact sales.
Overall Economic Conditions: Strong Economy, low unemployment = buyers. Weak or uncertain economy will slow market down.
Construction Costs: Affect our rehab and holding costs, impact our initial offer.

We buy in any market so what difference does it make? If we know where the market is heading we can make adjustments:

Offer amount
Rehab Scope
Selling Price
Anticipate holding costs more accurately.

This is all a part of being a responsible business owner and is the difference between a true professional and someone who took a seminar and is buying properties with hope, optimism and crossed fingers. And this is why I say on nearly every show, "it's not for everyone." So what should you do with all this? If you're in the real estate business these trends affect your business whether you are paying attention or not. The difference is your awareness of the situation. And this is the difference between being able to plan for the future or simply reacting to it when it gets here. Motivational Thoughts for the day

Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy

American IRA, Jim Hitt Sep 18, 2018

Show notes

FAR 186 Expected Air Date: 9/13/18 Opening One of the great opportunities in front of you as a real estate investor is the chance to invest your money through a Roth IRA, make profit, grow that wealth and one day when you retire, pay NO taxes on the profits. That's just ONE thing a self-directed IRA can do for you. We welcome to the show today a new sponsor, American IRA. American IRA is dedicated to helping investors grow their wealth through self-direction and there is a healthy focus on real estate. With offices in Asheville and Charlotte, NC and Atlanta, GA, American IRA is ready to get your started, point you in the right direction, and keep you safe as you navigate the sometimes murky waters of IRS regulations. American IRA founder and President Jim Hitt will be joining us in just a few minutes. Jim started his career in the restaurant business, got involved in real estate and just never looked back. He's been in real estate in one way or another for three decades. His commitment is to help other investors grow their wealth wisely and safely through the use of retirement accounts. He's going to tell us about the basic setup of an IRA, answer some key questions about structure, growing your funds, strategies for investing, and the different type of options available to you. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
FlipStarter October 13, Atlanta, GA
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

Guest: Jim Hitt, American IRA Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you're from!

Alphonso, Marietta, GA, "With the hurricanes threatening the east coast, can you comment about the impact of hurricanes and real estate investing?"
Julian, Bay City, MI, "I watch the TV shows, and now I've found your show and I'm intrigued. There might be some opportunities around here, but we have long winters and I'm not sure it's a good idea to be trying to do this in the winter time. What are your thoughts?"
Cheryl, Washington, DC, "Does price range matter?"
Polly, Visalia, CA, "I have an opportunity to buy an almond grove that is past its prime. The owner has gotten old and lost interest. The upside is our town needs housing and I could turn this into a nice subdivision of starter homes. But I have no idea how to proceed. Any suggestions?"
Edward, Columbia, SC, "Someone told me that you mentioned on the show that our city is one of the few major metropolitan areas in the country that is NOT on fire. Why is that? And since I live in Columbia should I be looking elsewhere for opportunities?"

Motivational Thoughts for the day

Expect problems and eat them for breakfast. Alfred A. Montapert

The Harvest Sep 18, 2018

Show notes

FAR 185 The Harvest Expected Air Date: 9/10/18 Opening Real estate investing is like the weather - it's always changing. But it's unlike the weather in that you usually have to wait more than 5 minutes to see the change. With real estate, a multi-trillion dollar industry in the United States, you have multiple impact points each with their effect, but individually are like using a bumblebee to steer a barge into port. Example, Compass, opening a new office in Atlanta, talking about their use of proprietary technology to dominate the realty brokerage market. They will no doubt gain market share because of their deep pockets. But will they dominate? Unlikely. They represent a generation of investors enamored with technology and blinded by their own preference to machines over human interaction. But the entire company misses the point. Real estate sales require presence, that presence requires supervision, the supervision requires a trust, a set of ethical guidelines, enforced by a regulatory agency and ultimately there are licensed people - Realtors. When people are involved both as buyers and as representatives, relationships matter more than technology. Compass will survive, but will disappoint investors unless they master the people side of this. And their effect on the real estate market? Negligible at BEST. Most likely it will go completely unnoticed by most. Larger impact is seen through the activity of the government: interest rates, policy change, taxation. Interest rates: Direct impact on affordability and home sales. Policy Change: Example: loosening of capitalization requirements for lenders - more money and more creative loans available. Taxation: The tax laws passed last December have significantly affected home sales in the more expensive markets. Prices are dropping up and down the eastern seaboard. Soon to follow will be the luxury market Chicagoland and the west coast. We are tracking the changes, the impact points, and are sharing with you on what is becoming the fastest growing real estate show on the air. Today we are going to talk about the hot new markets in flipping houses, the decline of returns in flipping houses, a new bill in congress designed to ultimately eliminate Fannie Mae and Freddie Mac, and one of the MOST important factors millenials use when deciding to buy a home. This plus many of your questions coming up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
FlipStarter October 13, Atlanta, GA
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

Topic: The Harvest. Bring in this years crop between now and December. Plant the seed for next year in November and December. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you're from!

Candace, Boulder, CO, "The market here for buying a flip house is intensely competitive. I'm wondering if I should move to another area, buy deals with less profit, or try a different strategy." When asked "what strategy she had in mind" she replied "lending."
Orville, Villages of Ocala, FL "I am an accredited investor and heard you mention a fund you were involved with. How do I get more information about it?"
Carson, Jacksonville, FL "A friend sent me a copy of your talk on analyzing market trends and all I can say is thank you! This talk encouraged me to look into a different market over the weekend and I already have a new project under contract. What are the early signs of an area turning around?"
Ophelia, Tampa, FL "I bought a couple of rental properties from one of those national gurus and instead of cash-flowing $200-300 per month, I'm actually losing money on them, when you add up all the extra expenses each year. What am I doing wrong? They told me these were good deals. I can't afford to lose money each month."
Fernando, Austin, TX "I'm having a hard time understanding the rates and terms of hard money lenders. Everyone is different and the terminology is hard to follow. I think I understand LTV, but I thought the loan would be a percentage of the ARV. It's something different - a lot less. And what is LTI? I'm like "well sure, yeah of course" with the lender because I don't want to look stupid, but I'm not sure what we are even talking about."

Motivational Thoughts for the day

Expect problems and eat them for breakfast. Alfred A. Montapert

Opportunity Spotting Sep 18, 2018

Show notes

FAR 184 Opportunity Spotting Expected Air Date: 9/8/18 Opening I get asked all the time about the market. When will this booming market end? Are we heading for a crash? When will it happen? How will it happen? What should I do to prepare? What's it like to live through a market crash? Where is the opportunity now? What is the hottest market? Where should I be looking for deals? What's it like to live in another country? Ok, that last one is a bit unrelated, but hey, during the crash, I considered finding out! Seriously though, everyone wants to know where they should be and what they should be doing. We spend time on this show figuring out just those answers and sharing them with you and we plan to continue for the foreseeable future. But today I'm going to teach you how to look for those opportunities yourself - just in case you want to know. So I'm going to provide the data points and the characteristics of a market that is, in our view, ripe for the picking. It's like serving fish versus teaching you how to fish. We are going to keep on serving information you need, but today we are going to peek behind the curtain for a few minutes so you can read the circumstances like we do. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

Topic: Opportunity Spotting Motivational Thoughts for the day

Act as if what you do makes a difference. It does. William James

Returns Sep 18, 2018

Show notes

FAR 183 Return Expected Air Date: 9/6/18 Opening Today we are going to talk about Returns. I'm not talking about tax returns - perhaps that's another show. I'm talking about the Returns you receive. Yes I'll discuss Return on Investment, but there's also Return on Cash, Return on Equity Return on Assets. But there are other Returns in life beside the financial. There's a Return on Effort, a Return on Deeds, a Return on Principles. Some of these things are difficult to precisely quantify, but we are going to do our best to provide food for your thinking. And I'm going to recommend you think through your investing decisions and using the ideas I'm sharing today, nearly every decision you make in your business is a type of investment and it will bring a "return." There is a law of sowing and reaping discussed in the Bible. Some of us spend our youth sowing wild oats and then spend our adulthood praying for crop failure. Similar to this idea is the idea of Karma. We all have a few people that we would really like to say, "see that light ahead? That's not the end of the tunnel, it's the headlight of the Karma train about to visit you up close and personal." From the computer business we get the old phrase GIGO - Garbage In Garbage Out. A computer can do amazing things amazingly fast, but the results are only as good as the programming that goes into it. All of these are just different ways of saying you get out of your investments, your job, your relationships, your church, your hobbies, your LIFE -- what you put into them. And this is generally true. So we are going to think about this, try to quantify some of it, and perhaps most importantly, try to help you understand how to respond and what to invest when you are on the wrong end of injustice. Because you know, sometimes life hands you a basket full of difficulties before you've ever had a chance to make mistakes. Occasionally we begin with an uphill struggle. It's easy to think this is unfortunate, but for many, this challenging situation was the crucible in which their character, dedication, and determination were forged. And we MUST deal with the question of how to respond to a wrong when all we have done is sow good seed. We've invested kindness and it what we got in return was lies, cruelty, and heartache. I'm going to do my best to answer those questions in a few minutes when we talk about Returns. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

Topic: Returns Financial Returns

Return on Investment
Return on Cash (annualize these)
Return on Equity
Return on Assets

Non Financial Returns

Return on Effort
Return on Deeds
Return on Principles

Emails: Questions@flippingamericaradio.com Tell us where you're from!

Buster, Colorado Springs, CO "I've bought a ski resort cabin with my self-directed IRA. What is the limit on how much time I can use it each year?"
Andi, Long Beach, CA "I'm looking at a flip here in Long Beach. The house is a run down 1800 sf 3/1 that I can buy for 600k. I put 70k into it and can sell it for 800. But when I calculate the interest for a loan to do this, it almost seems not worth doing. I have to put $100,000 into it and in the end I'll net about 30k. Am I looking at this wrong? Is there something else I should be doing with the money?"
Caroline, Birmingham, AL "I just heard about your Menternship and read about it on your website. Am I too late to join?"
Albert, Harrisburg, PA, "How do you handle buying deals from HUD, Banks, or wholesalers that do not allow a due diligence period?"

Motivational Thoughts for the day

Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller

Show 182, Listener Questions Sep 18, 2018

Show notes

FAR 182 Expected Air Date: 8/30/18 Opening I realized after we concluded Monday's show that I had promised to make fun of a "news" story about real estate and I had just run out of time. So I'm leading off today by keeping that promise to you. Real estate is not a controversial topic and is largely apolitical. We try our best to keep politics out of this show. But I suppose I shouldn't be surprised when a reporter's bias sneaks through in subtle ways. That's my reason for sharing this article with you - not because I deeply care about what she is wrong about, but because I want YOU to pay attention to the way words can reflect bias and shape opinion. So here comes the headline... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
Lunch with me every Wednesday.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/

Emails: Questions@flippingamericaradio.com Tell us where you're from!

Madison, Atlanta, GA, "When you are renovating something to rent, how is that different from renovating to sell?"
Carl, Charlotte, NC, "I wanted to come to your mentoring classes this week but just couldn't get away from here for four days. Will you be coming to Charlotte or do you have an online course I can take?"
Evan, Lancaster, PA, "What are the numbers I should look for when buying something to flip?"
Charlene, Villages of Ocala, FL, "I have half a dozen possibilities here, and none of them fit the MAO formula, but they are all coming in about 80% of ARV. The good news is, I can buy four of them subject to. Do you ever make exceptions on your MAO rule if you can use creative financing to buy them?"
Elian, Jacksonville, FL, "Is the 'no money down' deal really possible? If so, how does it work?"
Rachel, Elizabethtown, KY "How do you decide whether to keep a property to flip or keep it for a rental?"

Motivational Thoughts for the day

Act as if what you do makes a difference. It does. William James

Show 181, Market Update Sep 18, 2018

Show notes

FAR 181 Expected Air Date: 8/27/18 Opening Good morning everyone! A year ago I predicted that by mid-2018 the real estate sales would be slowing down and heading toward a balanced market. Was I right? I've got the answer for you today. A month ago it looked like I had missed on this prediction but there is more news today that points to a conclusive trend. In a few minutes I'm going to dig into the new data. I'm also going to pick on a "not news" story disguised as news. Rather than just labeling it "fake news" and moving on, I'm going to show you how bias can affect a choice of words that could lead readers to a desired, yet not necessarily correct conclusion. Today we are going to dig into more of your questions about the opportunities out there and some of the challenges you are facing. All this is coming up in a few moments. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
- Menternship Also.
  - Ten Deal Sources explored and explained.
  - Complete Deal Analysis.
  - Finding the re-sale value of any residential property in the U.S.
  - How to estimate repairs from your desktop.
  - How to finalize a repair estimate through a site visit.
  - Structuring your business for effectiveness and asset protection
  - How to set up a web site for your business.
  - Understanding the various ways to get your deal funded.
  - Learn creative deal structures.
  - The mini-course in negotiating
  - The full course in renovation.
    - How to find, vet, and hire contractors.
    - How to manage the process
    - How to solve the inevitable problems that arise.
  - Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
  - Get all the forms, the documents, the checklists, the procedures
  - Get the scripts for your conversations
    - Hiring questions for realtors and contractors
    - Answering the phone
    - Talking to sellers
      - Build rapport
      - Get key information
      - Learn motivation
  - The course comes with on-going weekly group coaching calls
  - You also get one-on-one guidance through your first four flips.
- This is the three day dive into a year's worth of training and guidance. But our commitment to you doesn't end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
- What is the investment? What is reasonable? Let's talk about $50,000.
- The cost is $12,967, but if you use the coupon code "radio" your cost is $9,967.
- Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There's just a few seats left.
Lunch with me every Wednesday.
Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you're from!

Milton, Kansas City, MO, "I heard you talk about a Commencement of Work document and I wonder if you know whether it is required or recommended in Missouri?" https://constructionliens.uslegal.com/
Harold, Detroit, MI, "We have so many types of opportunities here in Detroit right now - older homes in the city and relatively newer homes in the close-in suburbs - but they are still 40 years old. I'm not sure where to start or should I just take the first opportunity that comes to me?"
Jennifer, Nashville TN, "I am working on a rehab project and when I go visit the site I really don't know what they are doing or how well they are doing it. I'm faking it, and I think they might know I'm faking it. How do I get the knowledge I need?"
- Community College
- Big Box store courses
- Do something yourself - get advice from your local building supply store.
- Don't be afraid to ask questions. Don't be afraid to look dumb. You are not expected to be an expert in home construction right now. The contractor will respect your honesty and your ability to put the deal together.
Ashley, Boulder, CO, "I'm having a problem getting a contractor to even look at my rental house. Everyone claims they are too busy. I think it's because I'm a woman. I know you are a man but do you find that other women have this problem? Have you seen them overcome it and if so, how?"
Al, Ann Arbor, MI "I'm doing a few flips each year here in my area but people are talking a lot about Detroit. It's about a hour's drive for me but I'm wondering what you would do in my shoes?"
Steven, Waukesha, WI "It's late August and I'm looking at a couple of real deals here, but winter is coming and I'll be trying to sell them in January. Should I hold off?"

Motivational Thoughts for the day

Act as if what you do makes a difference. It does. William James

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